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Some experts fear that the sharing economy will destroy a traditional capitalism with its global corporations, banks, and supply chain. For instance, Uber — a simple service to search private drivers
Fintechs are disrupting many aspects of the financial services industry and wealth management is no exception. These new entrants can provide scale and greater customisation at a much lower cost than ...
When is disruption a bad thing? According to the London black cab driver I had recently, it is when Uber comes to town. A rival taxi company using an app for hailing and a GPS for finding its way arou...
Bill Gates said that banking will always be needed, but banks as we know could easily disappear. And FinTech is all about winning changes and everyday finance improvements. In 2015 venture capitalist...
Now IT development costs are so low for start-ups I feel that technology is no longer the key edge for FinTechs. I read an interesting press release recently from an early stage vendor who was just an...
The global financial crisis inflicted a lot of pain on most banks. Strong antagonism between Main Street and Wall Street coupled with market crash aftershocks left these traditional portals for money ...
Over the last 10 years or so, payment terms of companies have increased from an average of half a day to two and a half days, as a way of better managing cash flow and maintaining working capital in l...
I've been in Fintech since before we called it Fintech. Some would say that Fintech has been around for decades, as soon as Bank of America deployed ERMA (Electronic Recording Method of Accounting) in...
New technologies drive cost/income breakthroughs New technologies like machine learning, biometry and block chain have entered the financial industry and will impact the banking battle on cost/income ...
We’ve all got them: friends, ex-colleagues or LinkedIn connections who’ve made the move from a big corporate to a start up. I was about to follow suit. The fintech boom was attracting more and more pe...
After my last blog entry - When Is A Salesperson Not A Sales Person - I now share some further experiences. My colleagues and I are often are approached by companies to help raise funds for their futu...
Even after the global economic crisis of a decade ago, the world’s largest banks have continued operating much like they always have because of the belief that they were “too big to fail.” Governments...